Agreement on standards concerning rights and duties

Colo. Rev. Stat. § 4-9-603, under DEFAULT.

Colo. Rev. Stat. § 4-9-603

(a) The parties may determine by agreement the standards measuring the fulfillment of the rights of a debtor or obligor and the duties of a secured party under a rule stated in section 4-9-602 if the standards are not unreasonable.

(b) Subsection (a) of this section does not empower the parties to set standards affecting the duty under section 4-9-609 to refrain from breaching the peace.

Source: L. 2001: Entire article R&RE, p. 1399, § 1, effective July 1.